Data on Thursday showed that U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and that underlying producer inflation appears to be on a downward trend, while jobless claims rose for a second straight week in a labor market that remains tight.

As long as the GOLD price stays above 1785 on a four-hourly basis, we will see the resistance level at 1805 and 1829. On the downside, if the price breaks down below 1785, the next support level will be at 1763.

Support: 1785 - 1763
Resistance: 1805 - 1829 - 1854

12 Aug 22 (Fri)

04:00 am